Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Rating of “Moderate Buy” by Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $50.00.

Several analysts have weighed in on CZR shares. TD Cowen dropped their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Susquehanna upgraded shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective for the company in a research note on Thursday, March 6th. Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, JMP Securities decreased their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th.

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds have recently bought and sold shares of the business. Bogart Wealth LLC raised its stake in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 800 shares during the period. FIL Ltd acquired a new position in Caesars Entertainment during the fourth quarter worth $28,000. Huntington National Bank lifted its holdings in Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after purchasing an additional 833 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $44,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Caesars Entertainment by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $27.54 on Wednesday. Caesars Entertainment has a fifty-two week low of $26.42 and a fifty-two week high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of -16.49 and a beta of 2.97. The stock’s 50-day simple moving average is $33.20 and its 200-day simple moving average is $36.80.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. As a group, equities analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.